THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY *

Hassan Benchekroun () and Ngo Van Long

Australian Economic Papers, 2006, vol. 45, issue 2, pages 99-105

Abstract: In this paper, we consider oligopolistic equilibria in subgame-perfect strategies in continuous time, and investigate the effect of stock discovery on the profits of non-identical natural resource oligopolists. We show that a uniform addition to all stocks does not necessarily increase the discounted sum of profits of all firms. Copyright Blackwell Publishing Ltd/University of Adelaide and Flinders University 2006..

View citations in EconPapers

Downloads: (external link)
http://www.blackwell-synergy.com/links/doi/10.1111 ... .00280.x/enhancedabs link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY (2006)
Working Paper: The Curse of Windfall Gains in a Non Renewable Resource Oligopoly (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-900X

Access Statistics for this article

Australian Economic Papers is edited by Daniel Leonard

More articles in Australian Economic Papers from Blackwell Publishing
Series data maintained by Christopher F. Baum ().